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| The 2 milan clubs share a stadium in milan.
Put cas at NM and you are taking rugby league out of castleford.
Is that what we want.
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| Quote ="deeHell"The £2m that Cas were after should all go to the community trust. [uAt the end of the day their the ones building the facilities[/u for the whole community to use.'"
No they are not and they never were. At the end of the day the stadium development progress is now in the hands of an "entertainment" company based in the midlands.
Who knows? it may happen in a few months time or whenever.
There should be no reason (at this moment in time) for the council to claw back the promised £2m from Cas.
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| Quote ="Fully"No, I know this because the entire BoD were at the meeting at the Civic Centre where SF said he hadn't looked at it and it wasn't an option as far as he was concerned.'"
Well i would have thought any forward thinking open minded board would have looked at ALL options, even if only to discount them.
Still if thats that they have told you it'll be the truth.
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| if GH is dead and a re-furb of the jungle not affordable, then it would be in the best interest of both clubs to make sure at least one ground gets constructed, we all know agreements and promises have been made, but we also know how easy it is for promises to be broken, neither club as anything except a peace of paper, hopefully no hiccups will accrue, the fans can debate it until we are blue in the face, but at the end of the day we dont have a say in the matters except as a fan, we need two strong SL clubs, so we can keep all the young talent from are area, instead of the big clubs making them think that their grass is greener, in my eyes RW left Cas fans with a bad taste in their mouth under his tenancy, but SF seems to be totally different, if you ask him a question he gives you a answer, RW, always went round the gardens to take you up the garden path
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| Quote ="bigalf"No they are not and they never were. At the end of the day the stadium development progress is now in the hands of an "entertainment" company based in the midlands.'"
Explain further? Also would this be anything out of the ordinary?
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| Quote ="poppys mum"The 2 milan clubs share a stadium in milan.
Put cas at NM and you are taking rugby league out of castleford.
Is that what we want.'"
In theory were taking rugby out of the City. Is it not in your means as a club to compromise? Ideally we would have wanted a ground near the City but it's just not viable.....sometimes you have to give a bit.
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| Quote ="bigalf"No they are not and they never were. At the end of the day the stadium development progress is now in the hands of an "entertainment" company based in the midlands.
Who knows? it may happen in a few months time or whenever.
There should be no reason (at this moment in time) for the council to claw back the promised £2m from Cas.'"
The stadium element may have had investment but it's still fundamentally tied to the rest of the development via the 106. One element (stadium/development) cannot exist without the other & as soon as the stadium is constructed it will be passed into the control of the community trust. This was all trashed out in the PI & following months & is documented & signed off in the 106. By gov, council, developer & bank of Scotland.
So other than investment into the scheme, which isn't anything other than a positive, this is of little relevance to the community trust, WTW & any other tenants. When the stadium is going to be transferred once constructed it makes little difference who paid for it, this is between Yorkcourt & their investors. As we all know the stadium is just a sweetener to the local community.
If you think Yorkcourt have done all this to mothball it your deluded. They will cross fund the development, which is what you describe (sell off the lions % in the stadium in exchange for a profit share in the total), but this shows how developments like this are funded.
One element can't be built without the other. You know all this Alf, you practically sleep with transcripts of the PI & a copy of the 106. Merry new year old pal
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| Quote ="deeHell"Explain further? Also would this be anything out of the ordinary?'"
Yorkcourt have sold 66% of the stadium element to a entertainment company based in the Midlands.
Cross funding happens all the time & is how companies raise the capital for large scale developments. The Shipley Brothers will now become partners in the development.
For their investment in providing the stadium element they will take a share in the profits from the total development.
As I said in the post above, it makes not difference for us, other than showing us how quickly YC have begun in finding the funds to build the stadium, the quicker they do that (along with partners buying elements/plots of the industrial development)the quicker the whole thing gets built & YC get paid.
This is how developments are funded, why did this never happen at J32? Because that never got out of the hanger, let alone off the runway.
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| Quote ="Fully"Because the rent is likely going to be more expense than owning our own stadium? As you said in the post above, =#FF0000the owners will have to make money some how to pay the bills and also any upkeep too. Therefore, the money they get in from rent also has to be worthwhile.
I've no idea how much we spend on maintenance of WR per season but I'd hazard a guess that it isn't as much as it would be in paying rent?'"
you've lost me there feller, shouldn't all businesses be looking to make a profit or is it wise to over spend like Cas has done last season.
so would your ideals be to keep putting a lick of paint on the railings and point up the terrace
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| Quote ="snowie"eusa_eh.gif you've lost me there feller, shouldn't all businesses be looking to make a profit or is it wise to over spend like Cas has done last season.
so would your ideals be to keep putting a lick of paint on the railings and point up the terrace'"
Someone from the Wakey forum stated the other week that the Community Trust will only ever seek to break even. My point was that they will be seeking to make a profit/increase money because all monies will have to be reinvested in for upkeep and for any unexpected bills.
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| I said about a year ago on here,not long after the RFL bought the lease on Odsal,I was told that no way in this world would Cas get a new ground.
I got shot down in flames by Cas fans cos they didn't want to believe it.
After what's happened with the Bulls,now Salford and Cas next,the league won't kick anybody out if there ground isn't up to scratch because whoever they promote won't be able to compete unless they get into loads of debt.
Within 2 years it will be a 12 team league and if Cas stay at Wheldon Road they will not be in it.
Cas must go to Newmarket or Cas will not have a super league team,simple as that.
And for those one eyed Cas fans that don't agree with me,you keep buying your bricks for Glasshoughton
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| Quote ="Fully"Someone from the Wakey forum stated the other week that the Community Trust will only ever seek to break even. My point was that they will be seeking to make a profit/increase money because all monies will have to be reinvested in for upkeep and for any unexpected bills.'"
Likewise a surplus profit over foreseen problems would result in a net reduction in any rent payable by WTW to WDCT.
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| Quote ="Fully"Someone from the Wakey forum stated the other week that the Community Trust will only ever seek to break even. My point was that they will be seeking to make a profit/increase money because all monies will have to be reinvested in for upkeep and for any =#FF0000unexpected bills.'"
these will be less likely with a more modern complex than a run down stadium
even when Wheldon rd is brought up to a better standard it will still be more likely to cost more to run than Newmarket
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| Quote ="deeHell" The Stadium and facilities will be owned by a [uneutral community trust[/u and all the district clubs are welcome to play there. '"
Hardly neutral - The directors are Sir Rod, David Hinchcliffe, R Elston and A Glover.
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| Simple solution should you ever get on board. Expand the board of directors on the trust. A politician offiliated with Castleford, say Yvette Cooper & a member of the CT BOD, say Fulton/his son.
Rodney is the natural leader, even the most diehard CT fan would love a figure like that fighting your corner. The man has connections 99% of people can only dream of, within the RFL, gov & high society.
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| Quote ="bigalf"Hardly neutral - The directors are Sir Rod, David Hinchcliffe, R Elston and A Glover.'"
All have a vested interest in the community and the successful delivery and running of a community stadium.
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| Quote ="kinleycat"All have a vested interest in the community and the successful delivery and running of a community stadium.'"
Or they're all part of a mysterious cabal, plotting to bring down CT?
Bigalf is distributing tinfoil hats outside WR this weekend, for anyone who needs one.
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| Quote ="bigalf"Hardly neutral - The directors are Sir Rod, David Hinchcliffe, R Elston and A Glover.'"
As you are aware Wakefield District Community Trust is a seperate entity to the Wildcats Community Trust. If you look back historically when the Diggers were bundling around Glasshoughton allegedly getting the area ready for the CAS stadium (For CAS and not a Community Stadium) CAS dismissed the community trust idea and later brought in one solely for the Tigers but tried in vein to turn GH into a Community facility thats one area that went wrong for the club, reliant at that stage on private funding and the economy went bang. The Wakefield and District Community Trust is well established regardless of the Directors and is now in the driving seat for developiong a stadium for the District at NM. Can wait for the 2015 derby at NM
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| If the proposed Calder merger hadn't happened in 1995 supporters might have felt different...but if we had to share N.M i think it wouldn't be long before the powers that be would try and force a merger through again.
The club is a central part of the community, move one to another and that community spirit is lost. The club has so far out lasted a lot of industry in the area and are very proud and protective of it.
I understand the need for modern facilities, but to threaten the long term existence of the club to sit at the top table of a organisation that (in my opinion) are biased to a select few.
Maybe we should ask some Salford fans how they feel, would they have wanted a move if they knew how things have turned out?
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| Quote ="snowie"eusa_eh.gif you've lost me there feller, shouldn't all businesses be looking to make a profit or is it wise =#FF0000to over spend =#FF0000like Cas has done last season.
so would your ideals be to keep putting a lick of paint on the railings and point up the terrace'"
how can you make a comment about a club over spending, when your own club over spent to an extent were you went bust, don't get me wrong i know we dont have money, but you seem to have forgotten about your own teams struggles
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| Wakefield have never been in the sort of debt (director or otherwise) that Cas are in now.
When we went into administration our level of debt was well below the £2.5M you owe the Fultons.
Debts is debt, it doesn't matter if he's been nice enough to prop you up, you'll still have to pay back one day. He may have kept you afloat but the debt is just one reason why a remortgage of WR wouldn't be on the cards. There's a huge line waiting for you to cash your asset. Carlsberg too.
Not sticking up for Richardson, or whitewashing our historic problems, just stating a fact about financial mismanagement.
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| your talking daft, if we have to share at NM,whether we all like it or not, and we sell up we have no debt, and the club would be in the black, Waky went in to admin, so the debts out wade the assets, so your in the red, if i have £100 in the bank & spent £90, i would still be in the black, but if i had £100 & spent £110, i would be in the red & thats why your comment is wrong Cas still have the assets to pay their debt But wakydidn't,... and im not having a go at Waky, it's TWF2 who is having a dig at Cas
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| You'd be in the black I have no doubt, not by more than £1M IMO.
There are debts to pay before the monies yours, all of which are growing year on year, 350K was the figure Al stated a few months back. Then there are other companies to pay, taxes ect.
The value of WR will have taken a serious hit over the past few years & won't be the golden egg is once was.
Let's say you get £5M, you'll be sitting pretty with just below £1M in the black, not a position to turn your nose up, but not the multi-millions some may expect.
I'm not having a dig at Cas, just stating a fact. When we went into admin it was for much, much less than your outstanding debts. For the reason we didn't have anymore resources (ground/owners money) through our own (or teds) mismanagement. But the fact remains the debt was much less than £1M & Ted's dream went pop.
CT have been propped up by Fultons money, 2.5M+ & still a viable & runnning business, but is that sustainable in the long term? (On a smaller scale) Is that any different from The Giants & Mr Davey? Which we all accept is unsustainable. - On that note well done with the membership scheme, good work Ferris & Foz!
But what about when Fulton wants his money back in some way. Either from the ground sale or repayment, either will cost you in the long run.
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| I'm not sure why you are banging on about this Trin.
Effectively you are saying we went into admin because we were in debt to an amount that was more than we can pay.
Yet you seem to be implying Cas are worse off because they'll be in the black but but only by a million pounds, as if that is worse.
Don't see your point at all.
It is true that having debts you can manage is better than having a small amount of cash you can't but I'm not sure this is the case here. Cas have a chance to mess this up if they manage things badly but they haven't quite yet.
We did manage things badly but luckily Mr Glover has steadied the ship. We are in no position to preach about good management yet though.
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| i under stand what your saying but if we sell were debt free, even if it's a few quid, and like you said im not sticking up for bad management because it's happened on both sides, we are two different teams & have very hot rivalry, if GH comes of ?? it would be great if NM comes of ?? it would be great, but if their is only one and both clubs had to share, it would not be the end of the world for me, their would have to be compromise on both sides, both clubs would be debt free, and both clubs could take off, some fans would raver see both clubs suffer before share, but why at the end of the day the fans would only see each other twice a year, but thats my opinion and it is not shared by every one, i would rather see two top six west Yorkshire teams rather than two scraping to make the play offs
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